Review of T1Markets FX brokers – What can it offer?
Forex trading is one of the biggest markets around the world right now. It is accessible all around the world, and more than ever, anyone interested can start trading Forex today. However, it has not been like this forever – just a few decades ago, only huge companies and banks were able to participate in this market. Then, with the development of the internet, Forex trading became available for retail traders.
Today, there are hundreds of different Forex brokers available for traders right now. However, the problem is that people are having a very hard time finding out which broker can be trusted. To overcome the challenges that came with the development of the field, many countries created dedicated regulatory agencies that control the field of Forex. But there still are many scam companies on the market.
Today, we are going to review Forex broker T1Markets. This Forex broker is based in Cyprus and offers tens of different trading assets to the investors in the whole region of Europe. If you want to learn more about this Forex broker, read our detailed review carefully, and understand how exactly T1Markets works and what they offer to their investors.
Regulatory framework of T1Markets
T1Markets FX broker is registered and regulated in Cyprus. The regulatory agency that takes care of everything that this broker does is the Cyprus Securities and Exchange Commission, which is one of the best-known Forex broker regulators worldwide. By being a regulated FX broker, T1Markets proves that the services that it offers to traders are safe and secure.
Also, because of the regulations, there are several guidelines that the broker has to follow. First of all, to function legally, the broker must be holding a minimum capital of €750,000, also, the broker keeps the funds of their clients on segregated accounts, which means that trading with them is quite safe.
Even if something goes wrong and the broker files for bankruptcy, the funds of the traders will be kept safe. According to our review of T1Markets, the broker also follows the regulations of Investors Compensations Funds, which means that every investor is registred at ICF. In case of bankruptcy, if a trader will not be able to get their funds back, the fund can compensate up to €20,000.
Know Your Customer Policy
T1Markets also follows the policy of Know Your Customer. With the help of this, the broker makes sure that no one uses the platform for money-laundering purposes. Also, because of this policy, the broker knows exactly who is trading with them. While registering, investors will be required to provide some type of document that will be used to verify their identity and the place where they live.
Among the documents that you will need to provide while registering is a colored copy of a valid passport or ID, colored copy of a utility bill, and a proof of deposit. Once you have got all of your documents ready, you will be required to send the photos to the official email of the Forex broker.
Start FX trading by registering an account of your choice at T1Markets
Before you start trading at T1Markets, you have to create a trading account at the broker. The account type that you choose will have a huge influence on your trading account so it is very important to choose the one that is a perfect fit for you. According to the review of T1Markets, the broker offers three major types of accounts, they are:
Because the broker offers such diverse account types, it is very easy to find something that works perfectly for you. These accounts are very different from one another and are created for different types of Forex traders. Below, we will discuss these accounts one-by-one.
Silver account is a perfect option for those who are still very known to the Forex trading market. This account type is a great option if you want to trade Forex while also learning more about the market. The great thing about Silver account is that you will not have to pay any money on deposits. Also, the spreads are pretty competitive, and they stand at 0.07, while maximum leverage being 1:200. You can access tens of different currency pairs, such as EUR/USD, USD/CAD, NZD/USD, and many others.
However, since the leverage is so high, everything can get a little tricky. So, we would recommend to make sure and avoid trading with such high leverage. Try going a little low before you master everything about this market.
As our review of T1Markets shows the gold account is very similar to the Silver one, but it has a little more offerings. If you use the Gold account, you will not have to pay any fees on deposits, just like the silver account. The differences are visible when it comes to the spreads and leverage. For Gold account users, the leverage is as high as 1:400, and the spreads are as little as 0.05. There are many currency pairs available for the maximum enjoyment of the traders. With this account type, you will also get the chance to use free VPS and Swap Discount is also available at 25 percent.
Out of these three account types, this one is created for the most experienced Forex traders. Just like the other two, you will not have to pay any commissions while making deposits on your Platinum account. When it comes to spreads for the Platinum account, they can go as low as just 0.03. The leverage is very high and stands at 1:500. Also, users of the Platinum account can use a free VPS and take advantage of the fifth decimal, while also enjoying a Swap Discount of as much as 50 percent.
Also, no matter which accounts you are using, you will have access to news alerts, will be able to use a dedicated account manager, while also learning more about Forex trading with the help of Webinars and other videos. The support for every type of account is available for 24/5.
Professional account for the most experienced traders
According to this detailed review of FX broker T1Markets, the most experienced Forex traders using T1Markets can create a professional trading account. With this one, you will be able to boost your account with premium features for a very high-level professional trading. With the help of this account, margins will be very significantly decreased, while the leverage will be boosted and you will be offered special types of exclusive benefits.
Your access to the trading instruments will also increase a lot, giving you the ability to use the platform at its fullest. Professional users of T1Markets will have access to a super-fast execution which is as fast as 100Gb/s, ultra-tight spreads, leverage of 1:500, margin call level of 100 percent, stop out of 15 percent, and services that are available only for Pro Account users.
However, you must make sure that you know exactly what you are doing because using this account type can be a bit dangerous for those who lack enough experience. Make sure that you understand all of the risks that come with Forex trading and that you know the Forex trading market at its fullest.
Respect your religious beliefs by using Islamic Account
Many people think that because the broker mainly focuses on the people of Europe it does not offer Islamic account, but we were very glad that our review of T1Markets broker showed that this company is very inclusive when it comes to their users and they are trying to respect everyone on the market.
The Islamic Account, also known as the Swap-Free account is available at this Forex broker and is very actively used by those who follow the beliefs of the Quran. According to Sharia law, it is prohibited to accumulate any type of interest, because of which, people of Islamic beliefs are not able to pay or receive any type of interest while trading Forex.
Trade tens of different instruments with T1Markets
T1Markets offers many different trading instruments to their clients. Because there are so many trading instruments available, investors will not have a hard time finding something that they enjoy trading with. You trade the following instruments at T1Markets:
- Currency pairs – more than 45 pairs of them
- Commodities – 20 commodity assets
- Indices – 20 major worldwide indices
- Crypto – 30 cryptocurrencies
- Metals – more than 20 metal assets
- Stocks – more than 45 stocks assets
Why trade Forex with T1Markets?
According to our review T1Markets, trading Forex at this Forex broker is very popular. There are more than 45 currency pairs available that you can trade right now. Also, you can use any type of currency pairs at T1Marktes, such as Majors, Minors, and exotics.
While trading Forex with T1Markets, the leverage can go as high as 1:500. However, it heavily depends on the account type that you are using. Also, the spreads are very flexible and commissions are super low.
Commodity trading is one of the oldest ways of trading. It has been around for a very long time in one form or another. Today, it plays a huge role in the world of investment. Generally, we can divide them into two different groups: hard and soft commodities. Hard commodities are those like oil, gas, gold, and many others, while the soft commodities include those that are a result of agricultural activity, including soy, wheat, coffee, cocoa, and many others. With the help of high-class analytic tools, you can trade more than 20 commodity assets at T1Markets.
In the world of trading, index trading is a type of investment when you are trading a group of stocks that make up an index. Generally, it is created from the prices of selected stocks, and recently, it has become very popular in the world of trading. According to our review of Forex broker T1Markets, this broker offers more than 20 various indices of CFD trading. Trading these indices is a great way to diversify your portfolio, and you can trade indices like DAX 30, DOW 30, Nikkei 225, and many others. In addition, you can use market analysis to make better decisions and use tools that are working very well.
Trade crypto with T1Markets
In recent years, cryptocurrencies have become more popular than ever before. Crypto and blockchain technology in general are one of the most talked-about topics in today’s world right now, and to make sure to follow the current trends, the broker has decided to offer their clients trading cryptocurrencies. There more than 30 cryptos available for trading at the broker, and to do so, you do not need to own the crypto itself. Investors can simply trade the CFDs of cryptos and speculate on the price changes, and the leverage for this is up to 1:2.
Metals are one of the most popular ways of investments in the trading world. The main reason for this is that most of them have a so-called “safe haven” status, which means that they are very stable and don’t change prices that actively. Most people use these precious metals for long-time investments.
You can trade more than 20 commodity assets of metals at the T1Markets. This is a very popular market, with more than $600 billion in turnovers in a month.
Trading stocks is very successful at this Forex broker. According to our review of T1Markets, the broker offers more than 45 stock assets, including the stocks of leading companies on the market such as Apple, Microsoft, Google, and many others.
Educational opportunities at T1Markets
T1Markets have created a great offering for their clients. Now, people who decide to trade with this Forex broker have access to a huge amount of educational opportunities. These include webinars, videos, classes, courses, eBooks, and many other things. Also, traders have the ability to take advantage of news articles, which provide them with very important information that can be used to make predictions in the market.
In the world of Forex, it is very important to have knowledge about the market. It is probably one of the most important things. The more information you have, the easier it is for you to make moves and know where and when to stop.
Trading platforms of T1Markets
Trading platforms are one of the most important parts of a Forex broker. Generally, most of the Forex brokers are using the MetaTrader 4 platform, which was released exactly 15 years ago in 2005 by a Russian company called MetaQuotes. This broker is using a WebTrader, which is another product of MetaQuotes, and has a lot in common with MT4.
With the help of the WebTrader, investors do not have the need to download any applications or programs on their computers, all they have to do is to use an internet browser and they will be good to go. This web-based platform represents one of the best web traders on the market and is a great solution for everyone.
Also, thanks to the fact that the platform offers traders the ability to access a huge trading market, they have a lot of options for investment.
Can you trade Forex with mobile at T1Markets?
In recent years, mobile trading has become one of the biggest parts of Forex trading. Generally, this market is known for the speed of development that it has. T1Markets review shows that this broker works very hard to keep up with the developments around the world.
They have created applications of their platform for iOS and Android users. Thanks to this, investors are able to trade from wherever they wish to very easily. It is a great offering especially for those people who are always on the go and they can stay connected to the market at any time.
The customer support team of T1Markets
In the world of Forex, it is very important to get help when you need it. Not a lot of brokers can say that their customer support team is good enough to help Forex traders. In the case of T1Markets, the support team is pretty good. Although the broker does not have a special page for Q&A’s and FAQ’s, the customer support team is very knowledgeable.
You can contact them with either phone, email, or online chat. The online chat is the fastest option, and it takes only a few minutes for the team to get back to you and give you the information that you were looking for. Also, the customer support team is multilingual, which is very good considering the broker is offering services all over Europe.
The website of the broker
According to our review of T1Markets, the website of the broker looks very good. Also, it is very easy to get the most important information about the broker at the page very easily, the information is distributed very logically and you can find anything that you might be looking for in a few clicks.
Is T1Markets a legit FX broker?
As our review shows, this broker is very safe to trade with. Although there might be some challenges, the broker still manages to offer their clients very safe and secure trading experience. In addition, the trading market is very big and everyone can easily find something that they can enjoy.
The broker has also created opportunities for any type of trader by offering them different types of trading accounts with diverse offerings. We recommended this Forex broker and believe that the services of T1Markets are very good.